EUR/USD Price Analysis: Trades higher near 1.0920 as Fed is expected to end rate hikes
EUR/USD could reach immediate resistance around the major level at 1.0950. Technical indicators suggest a stronger momentum; bulls could target August’s high at 1.1064. A firm break below 1.0900 could…
USD/JPY retraces recent losses, hovers above 150.50
USD/JPY experiences challenges on weaker Japan’s economic data. Japan’s GDP declined by 0.5% in Q3 against the previous growth of 1.2%. Japanese Economy Minister Yasutoshi Nishimura warned about the impact…
Gold price extends its pullback from a multi-month top; focus remains on FOMC
Gold price drifts lower for the third successive day and refreshes weekly low on Wednesday. Receding safe-haven demand and hawkish Fed expectations weigh on the XAU/USD. China’s economic woes could…
EUR/USD Price Analysis: Seems vulnerable near mid-1.0500s, bearish flag pattern spotted
EUR/USD lacks any firm intraday direction and oscillates in a narrow range on Monday. The formation of a bearish flag pattern supports prospects for some meaningful decline. A sustained strength…
WTI oscillates in a range around $85.00, Middle East tensions remain in focus
WTI is seen consolidating the previous day’s goodish recovery gains from a nearly two-week trough. The Israel-Gaza conflict continues to fuel concerns about supply disruptions and lend some support. Looming…
USD/INR gains momentum amid a stronger Dollar, focus on bond yields and oil prices
Indian Rupee loses ground on a firmer USD amid upbeat US economic data. Rising US Treasury bond yields and oil prices might weigh on market mood, cap the Indian Rupee’s…
Australian Dollar hovers near the major level ahead of US data
Australian Dollar extends gains as the US Dollar declines. Australia’s Manufacturing PMI eased to 48.0, while the Services PMI dropped to 47.6. China may approve over 1 trillion yuan in…
USD/MXN Price Analysis: Sits near two-week high/38.2% Fibo., bullish potential intact
USD/MXN is seen oscillating in a range on Friday and consolidating its weekly gains. The technical setup favours bullish traders and supports prospects for additional gains. Any meaningful corrective slide…
UK CPI Preview: Soft inflation could increase odds of another BoE pause in November
The UK CPI report will be published by the Office for National Statistics on Wednesday. Headline and Core annual inflation are set to fall in September but will likely stay…
EUR/USD Price Analysis: Eyes descending trend-channel breakout ahead of US CPI
EUR/USD steadily climbs back to over a two-week high touched on Wednesday amid a softer USD. Expectations that the Fed is nearing the end of its rate-hiking cycle continue to…
